I Built 30 rigs, each with 3 x 5830's which all and up cost me 15k which I purchased on credit cards at close to 20%. I am not making much money or bitcoins since the difficulty has gone up, I would have been quite well in the clear if I sold my bitcoins at $30 but I still have them, I don't want to sell them under $15.

Is the price of bitcoins going to go up, if so I will be alright but I am uncertain if I can continue to generate bitcoins in a profitable way. I still have to pay off the credit card. What do you guys think?

I Built 30 rigs, each with 3 x 5830's which all and up cost me 15k which I purchased on credit cards at close to 20%. I am not making much money or bitcoins since the difficulty has gone up, I would have been quite well in the clear if I sold my bitcoins at $30 but I still have them, I don't want to sell them under $15.

Is the price of bitcoins going to go up, if so I will be alright but I am uncertain if I can continue to generate bitcoins in a profitable way. I still have to pay off the credit card. What do you guys think?

Just create attractive longer term options on your BTC and make sure to be able to pay your CC depts on short term!

Also where the hell do you put 30 rigs with 3 GPUs each?! Must be a lot of heat and noise...

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eBay takes a good cut from this and might also rate you as professional seller --> problems with taxes guaranteed (at least in Europe).

I'd rather try to sell as many rigs as possible here in the forum - the GPUs alone are woth a lot more to people here than 150 USD a piece.

I the end I just doubt that the OP is not a troll, so I'm outta here.

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I Built 30 rigs, each with 3 x 5830's which all and up cost me 15k which I purchased on credit cards at close to 20%. I am not making much money or bitcoins since the difficulty has gone up, I would have been quite well in the clear if I sold my bitcoins at $30 but I still have them, I don't want to sell them under $15.

Is the price of bitcoins going to go up, if so I will be alright but I am uncertain if I can continue to generate bitcoins in a profitable way. I still have to pay off the credit card. What do you guys think?

Pictures or it didn't happen. You are talking about 15Kw's worth of power, unless you have a decent size commercial building, that's the only way you could power all of them.

I Built 30 rigs, each with 3 x 5830's which all and up cost me 15k which I purchased on credit cards at close to 20%. I am not making much money or bitcoins since the difficulty has gone up, I would have been quite well in the clear if I sold my bitcoins at $30 but I still have them, I don't want to sell them under $15.

Is the price of bitcoins going to go up, if so I will be alright but I am uncertain if I can continue to generate bitcoins in a profitable way. I still have to pay off the credit card. What do you guys think?

First, I call shenanigans, because no one would be foolish enough to invest 30,000 in bitcoin mining without trying it out on a small scale first. Second, asking if the price is going to go up is pointless. If anyone knew the answer with certainty they would buy up all the bitcoins they could right now so they could sell them if/when the price went back up. Third, you paid way too much per Ghash/sec if you really spent 30 thousand!

You might have to start considering whether or not you should start selling the hardware. Your chance to make a profit in this still exists if you got the video cards at a decent price. There are tons of people who will pay inflated prices for them right now.

Well keep mining for the moment because with over 22.5 Ghash/s you should be generating $560 / day worth of Bitcoins based on current difficulty and exchange rate. The used hardware would not depreciate significantly over the next few weeks whereas continuing to mine would recoup a large portion of your investment. In 3 weeks you can stop mining and sell your stuff on eBay and might still make a nice profit.

But on the other end of things, $15 / BTC is still profitable, quite profitable in fact. About $650 / day for the next 3 days. Then about $450 / day for the next 10 or 11 days.

Assuming you've already been mining for a while you must have a bunch of coins. So, that's $7000 in the next 2 weeks, + however many coins you would already have, boom, already almost paid off. $15 / BTC is awesome. It could go up to $30 / BTC, it could go down to $1. Ride the wave boys, where's it gonna go!

Honestly I still wish I had bought 90 5830s. If I had the power capacity I definitely would have. Would be swimmin in bitcoins and hoes right now.

How long is it going to take you to pay that back? 200 per 5830 is steep, even though I believe they have a 50 dollar rebate. 600mhash/s is gonna take a while to pay back 450 dollars (assuming MIR) )unless the bitcoins spike again in value.

I Built 30 rigs, each with 3 x 5830's which all and up cost me 15k which I purchased on credit cards at close to 20%. I am not making much money or bitcoins since the difficulty has gone up, I would have been quite well in the clear if I sold my bitcoins at $30 but I still have them, I don't want to sell them under $15.

Is the price of bitcoins going to go up, if so I will be alright but I am uncertain if I can continue to generate bitcoins in a profitable way. I still have to pay off the credit card. What do you guys think?

Idiot.

Only comment I can ever give on someone financing a business at 20%.

Ever occured to you that running it as a business, you know, with sound business deciions, wold change your financial outlook?

my credit cards pay 12.5% rate after 60 days and this is the high end - I never would use them for an investment like that.